Equity Share Purchase With Family In Suffolk
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FAQ
Leverage the lifetime gift tax exemption. The lifetime gift tax exemption allows you to give away a substantial amount of property over your lifetime without paying taxes. For 2024, this exemption is set at $13.61 million per individual. This strategy can be particularly useful for transferring larger properties.
Equity shares are non-redeemable instruments issued by companies to raise funds from the public. As holders of these shares, investors obtain a stake in the company's ownership and the opportunity to participate in its growth.
Investing in equity shares is a great idea. The reason is that an equity share indicates that you have a certain percentage of equity in the company. Thus, the returns you get are directly linked to the profits of the company. This makes it a great option as the opportunity to earn a good return is high.
Your parents can gift you as much as they like to help with your deposit. However, there are some tax implications to consider before gifting. Anyone can gift up to £3,000 every year without any inheritance tax being due.